Ethane Market Size, Revenue Growth Factors & Trends, Key Player Strategy Analysis, 2021–2028

Ethane Market 

The global Ethane Market size is expected to reach USD 685.4 Million in 2028 and register a revenue CAGR of 3.1% over the forecast period, according to the latest report by Reports and Data. The rapid expansion of various end-use industries and rising demand for packaged goods due to changing lifestyles are factors driving market revenue growth.

Ethane is a by-product produced from refinery off-gas or from natural gas processing, with high demand as feedstock at steam crackers for ethylene production. It is used as a calibration gas mixture for laboratory instruments and inspection, and as the most volatile marker for the investigation of lipid peroxidation. Ethane is also deployed in the production of acetaldehyde and ethanol, which are widely used in paints, varnishes, plastics, and adhesives, among others.

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Market Overview:

The chemicals and materials industry produces a massive variety of products consumed by people across the world on a daily basis. While several products, namely detergents, perfumes, soaps, and others are bought directly by the consumers, the others are used as ingredients to make numerous products. For instance, in Europe, nearly 70% of the chemicals that are manufactured are used to make other products. The industry uses a wide range of raw materials ranging from oil, minerals, air, and others. With growing competition among industry players, innovation remains vital in discovering new paths to meet the needs of sophisticated, demanding, and environmentally conscious consumers. 

The competitiveness within the chemical industry and among the chemicals, the chemical industry spends large amounts on research, particularly in the highly industrialized countries, which will foster market size in the coming years.

Competitive Landscape:

Industry players in the Ethane market are adopting the strategy of forwarding integration to cater to increasing product demand and to enhance their footprint in the global market.

This market report provides details of new recent developments, import-export analysis, trade regulations, production analysis, value chain optimization, market share, analyses opportunities in terms of emerging revenue pockets, the impact of domestic and localized market players, changes in the market, trends, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. The report offers insights into key factors influencing the revenue growth of the segment and provides information about lucrative investment opportunities to stakeholders, investors, and clients.

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Top companies operating in the market and profiled in the report include:

Royal Dutch Shell Plc, Praxair Technology Inc., Air Liquide, Williams, Energy Transfer, American Ethane Company, LLC, Enbridge Inc., Devon Energy Corporation, Saudi Aramco, and Santos Limited.

Ethane Market Segmentation:

The report segments the Ethane markets on the basis of product types, end-use industries, technology, and region.

Production Method Outlook (Revenue, USD Million; Volume, Kilo Tons; 2018–2028)

Natural Gas Separation

Refinery By-product

Application Outlook (Revenue, USD Million; Volume, Kilo Tons; 2018–2028)

Ethylene Synthesis

Acetic Acid Synthesis

Refrigerant

Others (Fuel for automotive, detergent, scientific research)

End-use Outlook (Revenue, USD Million; Volume, Kilo Tons; 2018–2028)

Packaging

Automotive and Transportation

Construction

Electrical and Electronics

Others

Distribution Channel Outlook (Revenue, USD Million; Volume, Kilo Tons; 2018–2028)

Online

Offline

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